EloElo raised $13.5 million in a Series B round led by Play Ventures, with the capital earmarked for entering new markets. The live social entertainment platform counts around 1.5 million paying users and an annual revenue run rate near $23 million.
Management has set a target of roughly $60 million in run rate by the end of the year. EloElo, a WaterBridge portfolio company, was co-founded by Saurabh Pandey and Akshay Dubey.
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Credit: Moneycontrol